SJC gold and gold ring prices reversed direction for the second time as of noon on November 14th.

Accordingly, the spot price of gold in the Asian market today, November 14th, opened at $4,189.7 per ounce, down $2 per ounce compared to the same time yesterday.

After three hours of trading, at 12:00 PM (Hanoi time), the spot gold price rose again to $4202 per ounce, an increase of $13 per ounce compared to the opening of the trading session.

A surprising development in the financial markets is that gold prices did not weaken when the US government reopened after days of shutdown. Instead of falling, gold continued to be chosen as a safe haven. Concerns about long-term economic factors are causing investors to prioritize asset preservation, thus keeping gold prices higher than expected.

Despite the stabilization of government activities, a cautious sentiment remains widespread in the markets. Gold prices maintain a firm momentum due to continued safe-haven demand from investors.

In the short term, easing US-China tensions and a more stable economic environment may slow the upward momentum of gold prices. However, analysts still believe that the medium- and long-term outlook for gold remains positive. The trend of seeking safe-haven assets, coupled with an unpredictable geopolitical landscape, creates a solid foundation for gold to maintain its appeal.

In the domestic market, the price of SJC gold at DOJI, SJC, PNJ, and Ngoc Tham at 9:00 AM this morning, November 14th, was recorded at 151.1 - 153.1 million VND/ounce for buying and selling, a sharp decrease of 1.4 million VND/ounce in both directions compared to the closing price yesterday, November 13th.

At 12:00 noon today, the price of SJC gold at DOJI, SJC, PNJ, and Ngoc Tham reversed direction for the second time, trading at 151.7 - 153.7 million VND/ounce; increasing by 600,000 VND/ounce in both directions compared to this morning.

At 9:00 AM this morning, November 14th, the gold price at BTMC and Mi Hong stores was listed at 151.6 - 153.1 million VND/ounce for buying and selling, a sharp decrease of 1.4 million VND/ounce in both directions compared to the closing price yesterday, November 13th.

At 12:00 noon today, the price of SJC gold at BTMC and Mi Hong reversed direction for the second time, trading at 152.2 - 153.7 million VND/ounce; increasing by 600,000 VND/ounce in both directions compared to this morning.

Similarly, the price of gold bars at Phu Quy Gold, Silver and Gemstone Group, listed at 9:00 AM this morning, was 150.1 - 153.1 million VND/ounce for buying and selling, a sharp decrease of 1.4 million VND/ounce in both directions compared to the closing price yesterday, November 13th.

At 12:00 noon today, the price of gold reversed direction for the second time, trading at 150.7 - 153.7 million VND/ounce; increasing by 600,000 VND/ounce in both directions compared to this morning.

For gold rings, at 9:00 AM, the price of Hung Thinh Vuong 9999 gold rings from Doji Group was listed at 149.5 million VND/ounce for buying and 152.5 million VND/ounce for selling. Compared to the previous session, the price of Hung Thinh Vuong 9999 gold rings decreased by 1 million VND/ounce in both buying and selling directions.

By 12:00 PM, the buying and selling prices of Hung Thinh Vuong 9999 gold rings from Doji Group were listed at 149.8 - 152.8 million VND/ounce, an increase of 300,000 VND/ounce in both directions compared to early this morning.

Meanwhile, at Bao Tin Minh Chau Company, the price of plain round gold rings with the Thang Long Dragon design was listed at 9:00 AM at 150.5 - 153.5 million VND/ounce, a decrease of 1 million VND/ounce in both buying and selling prices compared to yesterday.

By noon today, the listed buying and selling price of plain gold rings from Rồng Thăng Long was 150.9 - 153.9 million VND/ounce, an increase of 400,000 VND/ounce in both directions compared to early this morning.

Meanwhile, the price of Phu Quy 999.9 gold rings, listed by Phu Quy Gold, Silver and Gemstone Group, is quoted at 149.8 - 152.8 million VND/ounce for buying and selling. Compared to the closing price on November 13th, the price of Phu Quy 999.9 gold rings has decreased by 1.4 million VND/ounce in both buying and selling directions.

By midday, the listed buying and selling price of Phu Quy gold rings was 150.4 - 153.4 million VND/ounce, an increase of 600,000 VND/ounce in both directions compared to the morning.

At Bao Tin Manh Hai, the price of Kim Gia Bao gold rings is listed at 150.3 - 153.3 million VND/ounce for buying and selling. Compared to yesterday, the price of Kim Gia Bao gold rings has decreased by 1.2 million VND/ounce in both buying and selling directions.

By midday, the price of gold rings in blister packaging at Kim Gia Bao reversed direction for the second time, bringing the buying and selling prices to 150.9 - 153.9 million VND/ounce, an increase of 600,000 VND/ounce in both directions compared to the morning.